6th Regular Session of NIS j.s.c. Shareholders’ Assembly

The decision on profit distribution for 2013, dividend payment and determining of the total amount of retained earnings of the Company was adopted at the 6th Regular Session of NIS j.s.c. Novi Sad Shareholders’ Assembly.

The dividend payment to NIS shareholders in the amount of 25% of net profit, amounting to 13.08 billion RSD and/or 80.22 RSD per share was approved under the decision of the Shareholders’ Assembly. All shareholders registered within the Central Securities Depository and Clearing House as at the Record Date of the 6th Regular Session of the Shareholders’ Meeting – 20 June 2014 are entitled to dividend payment for 2013.

Also, Mr. Aleksandar Antić, Minister of Mining and Energy of the Republic of Serbia was appointed Chairman of the Shareholders’ Assembly at the 6th Regular Session of the Shareholders’ Assembly.

Members of the Board of Directors were also appointed at the session of the Shareholders’ Assembly. Upon motion of the majority shareholder, “Gazprom Neft”, the following members were appointed:

– Vadim Yakovlev, Chairman of the Board of Directors of NIS j.s.c. Novi Sad, Vice-Chairman of the Executive Board of JSC “Gazprom Neft”, First Deputy CEO, Exploration and Production Block JSC “Gazprom Neft”;
– Kirill Kravchenko, Chief Executive Officer of NIS j.s.c. Novi Sad, member of the Executive Board if JSC “Gazprom Neft”, Deputy CEO JSC “Gazprom Neft” for Foreign Asset Management;
– Anatoly Cherner, Vice-Chairman of the Executive Board of JSC “Gazprom Neft”, Deputy CEO JSC “Gazprom Neft” for logistics, refining and sales and distribution;
– Alexander Bobkov, Advisor to CEO JSC “Gazprom Neft”;
– Alexander Krilov, Director of Department for Regional Sales JSC “Gazprom Neft”;
– Alexey Yankevich, member of the Executive Board JSC “Gazprom Neft”, Deputy CEO JSC “Gazprom Neft” for Economy and Finance.

On the part of the Republic of Serbia, the following persons were appointed members of the Board of Directors:

– Nikola Martinović,
– Goran Knežević,
– Danica Drašković.

Mr. Stanislav Seksna and Mr. Wolfgang Ruttenstorfer were appointed independent members of the Board of Directors.

The Shareholders’ Assembly appointed Mr. Nenad Mijailović as a Chairman of the Board of the Shareholders’ Assembly for Supervising Business Operations and Shareholders Reporting Procedure, while Mr. Zoran Grujičić and Mr. Alexey Urusov were appointed members to this Board.

The Shareholders’ Assembly adopted the financial statements for 2013, consolidated financial statements for 2013 and the auditor’s report on financial statements and consolidated financial statements for 2013. The Auditing Company “Ernst &Young” was appointed auditor for financial statements and consolidated financial statements for 2014.

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